HB0125

Wyoming HB0125 would allow for the administrative dissolution of corporations, limited liability companies, and statutory foundations under specific.

Wyoming HB0125 would amend state statutes to allow the secretary of state to administratively dissolve corporations, limited liability companies, and statutory foundations if certain conditions are met. These conditions include the entity being owned or controlled by a foreign adversary, providing false or fraudulent information, or having a board member convicted of fraud. The bill also provides for the revocation of a foreign corporation's certificate of authority under similar circumstances. The act would become effective on July 1, 2026.